FerratumBank, established in 2005, operates in 15 countries and has garnered over 2 million customers, showcasing its expansive reach and trust in the financial sector. At FerratumBank, the mission is to provide high-quality, user-friendly banking experiences, a vision that is deeply embedded in their services and operations.

FerratumBank offers a variety of loan options including short-term, long-term, and personal loans. Potential borrowers in Denmark can apply for loans ranging from 2,500 to 50,000 DKK with repayment periods extending from 1 to 199 months. The bank stipulates an interest rate of 24.99%, targeting a demographic of Danish citizens aged 22 and above.

A specific example provided by the bank illustrates the terms of borrowing 10,000 DKK for a year. With a fixed debtor interest rate of 24.9%, the total credit costs amount to 1,645.72 DKK, bringing the total repayment to 11,645.72 DKK. The APR stands at 34.99%, with a monthly installment of 970.48 DKK. FerratumBank emphasizes transparency in its lending practices, ensuring that there are no hidden fees and that all loan conditions are clearly communicated to the customers.

The bank prides itself on offering quick responses to loan applications, a fully digital application process, and the flexibility of funds disbursement. These features are designed to provide financial flexibility and ease the stress of managing daily finances. FerratumBank is committed to making dreams a reality and aiding customers in monitoring their spending.

FerratumBank values professionalism, innovation, and ethical principles, striving to create a banking environment that fosters trust and loyalty among its customers and employees. The bank’s dedication to responsible lending is evident through thorough checks of customers’ financial circumstances before approving any loans or credits.